The much-awaited launch of Rs. 7,566 crore project for widening the Delhi-Meerut Expressway, commonly known as NH-24 will boost huge development opportunities and create new residential hotspots.
Among the several highways/expressways that connect Delhi to cities, NH-24 is probably the most densely populated, as it interconnected to several other small cities along the corridor. Providing access to Ghaziabad, Noida and Greater Noida, the national highway once fully developed, will connect up to Meerut and Hapur and become one busy stretch. The widening of the expressway will only act as a catalyst for real estate demand and create smart infrastructure development on both sides of the road. Other than that, the development would ease the lives of people living on the Ghaziabad-Indirapuram stretch as this project is expected to decongest NH-24 that connects Delhi with Meerut. Ghaziabad has been in a growth mode for the past couple of years and has become one of the most favorable investment destinations. Considering the large population base in the city, infrastructural developments such as the extension of the Metro route to Ghaziabad and the construction of Delhi-Meerut Expressway project would increase the demand from investors as well as end consumers.
The NH-24 Expressway may also emerge as a hub for affordable housing and could offer solutions for accommodation in the 1-2 BHK category within the price range of Rs. 15-30 lakhs.
Looking forward to the development of the expressway and how it will add a new dimension to the real estate market in Delhi NCR.